The Dunes Real Estate Sales 2022

High Tides Digital Marketing
Jan 17
2 min read

Updated: 2 days ago

The Dunes New Jersey 2022 LBI Real Estate Market Sales

The Dunes real estate market and the rest of the LBI NJ real estate market continue to show dynamic shifts, as evidenced by the recent sales data for closed properties. COVID has changed the makeup of the LBI real estate market with higher demand, price increases, and more competition. With a total of nine transactions reported, we can analyze some noteworthy trends that highlight the current state of the market. Original listing prices in The Dunes real estate market range from a minimum of $1,175,000 to a maximum of $5,895,000. This variation showcases a diverse property landscape catering to different buyer segments, especially in one of the higher priced market on Long Beach Island. The current price status reveals that the average sale price sits at $2,641,500, closely aligning with the median sale price of $2,600,000. This indicates a healthy market where properties are selling near their assessed value, suggesting both buyers and sellers are finding a balance. Interestingly, while most properties were listed significantly higher, the sold price to original price ratio stands at an average of 91.1%. This suggests that many sellers are adjusting their expectations as the market shifts.

The Dunes Real Estate Sales 2022

Below is a breakdown of all sold single-family homes in the The Dunes real estate market in 2022.

MLS #	Address	City	Section	Price
NJOC2007704	3 Macevoy	Long Beach Township	The Dunes	$1,153,500
NJOC2002078	83 N Ohio	Long Beach Township	The Dunes	$1,500,000
NJOC2003826	26 W Old Whaling	Long Beach Township	The Dunes	$1,850,000
NJOC2012174	125 E Mac Evoy Ln	Long Beach Township	The Dunes	$2,100,000
NJOC2008762	4 Marine Ln	Long Beach Township	The Dunes	$2,600,000
NJOC2000344	111 E Dune Ln	Long Beach Township	The Dunes	$2,795,000
NJOC2008612	19 W Dune Ln	Long Beach Township	The Dunes	$3,475,000
NJOC2008274	130 E. Old Whaling Ln	Long Beach Township	The Dunes	$3,700,000
NJOC2010240	12315 Ocean Avenue	Long Beach Township	The Dunes	$4,600,000

The Dunes Real Estate Sales Analysis

On average, the Days on Market (DOM) in The Dunes show an average of 83 days, indicating that while some properties may sell quickly, others require more time to attract the right buyer. The longest DOM was 237 days, which may point to particular challenges with certain listings, such as pricing, location, or property conditions. These are in line with the rest of the LBI NJ real estate market. On average, homes in The Dunes spend an average of 97.5% of the last listing price. This reflects not only effective marketing strategies but also the competitive nature of the current market. Sellers are encouraged to stay informed on market trends and pricing strategies to capitalize on buyer interest, while prospective buyers should remain vigilant in finding properties that fit their needs in a competitive landscape. For more information about buying, selling or investing in the Long Beach Island real estate market or about The Dunes Real Estate Sales 2022 please do not hesitate to contact me.